18.09.2012 - GCC and Asia likely to use sukuk funding
Several recent landmark corporate and infrastructure sukuk by companies in the Gulf Cooperation Council (GCC) issuing in Malaysian ringgit may signal the start of a trend that could help develop and globalize the market, Standard & Poor’s Ratings Services said in a report. In an era when the world’s conventional banks are producing fewer and shorter loans and companies are considering other options for finance, Standard & Poor’s believes that Islamic financial instruments could become a key funding source, especially in the GCC countries and Asia. These regions, with established Islamic financial regulatory bodies, are centres of the growing estimated $1 trillion market..............................................Full Article: Source
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